Credit cards have always fascinated Vaibhav, who since his early days in the college have aspired to become a part of this mainstream media. Finding blogging as the perfect platform, Vaibhav puts his views on various personal finance topics especially, the wise use of the plastic. A Delhi University graduate, Vaibhav blogs regularly at rupeetimes.com.

Recently Laxmi Vilas Bank has decided to work with the National Collateral Management Services (NCML), an agri-infrastructure service provider for collateral management and warehousing services. With the aim to assist and provide farmers and traders with the finance for their requirements the bank has tied up with NCML.

NCML has already partnered with 40 banks. This tie up will help the bank mitigate credit risk for its commodity finance product offerings. It will...

A leading private sector bank – HDFC bank has bagged the award for best banking. It has been reported that HDFC bank has been declared as the Best Private Banking Services in India. The bank has been adjudged as the best bank n India in the 2015 Euromoney Private Banking and Wealth Management Survey.

The survey conducted by the Euromoney Private Banking and Wealth Management Survey is one of the leading benchmarks for the...

HDFC bank reported a gain of 20% in its net profit. It has been reported that bank’s profit has increased from Rs 2,326 crore to Rs 2,795 crore. Net interest income (NII) or difference between the interest earned on loans and that paid on deposits increased by 23% to Rs5700 crore from Rs4,635 crore.

The bank earned interest through both working capital loans to companies which grew at 14%. Deputy Managing director of the...

Private sector bank –ICICI bank has announced to an instant bank transfer service to the Indians residing in the Gulf nation in association with the UAE exchange. The bank has planned to launch the new service ’Flashremit'for the customers that will enable the customers to transfer the hassle free within instant to their beneficiaries in India.

The customers can easily transfer the money through account in any ICICI bank in India. Bank is...

Recently Bank of Maharashtra has launched a new saving bank deposit scheme for the high net worth individuals (HNIs). The bank has introduced a new savings deposit scheme purple privilege. Under this plan the customers are suppose to maintain quarterly average balance of Rs 3 lakh in the savings bank account, a customer will get benefits including assistance of dedicated relationship manager, specially designed Purple lounges. In addition to this will also offer...

A public owned bank – Syndicate bank has announced to hire new 5,000 employees in the fiscal year 2015-16. The executive officer of the bank stated that from the 5000, 2900 hiring will be for the officers and 2100 will be for the clerical cadre staff.

At present bank is having a total of 29,000 employees with 3463 branches all over the country. The bank has asked IBPS to hire about 5,000...

The leading lending institution of the country – State Bank of India has made a donation for a social cause. As a part of the bank’s corporate social responsibility, the bank has taken this initiative of donating Rs 8.6 crore to the Bengaluru-based Sri Shankara Cancer Foundation (SCF) to procure PET CT scanning equipment. SCF is the first charitable cancer hospital.

It was reported that SCF is a non profitable organization which works for...

The apex bank of the country – Reserve Bank of India is inviting applications for the post of security Guards. The eligible and interested candidates are supposed to apply before of 9th March, 2015. In order to apply the candidate needs to a Xth passed and an undergraduate with an experience of handling of arms and ammunition in the military. Only ex-Servicemen with proper military background are qualified.

The women oriented bank of the country _ Bhartiya Mahila Bank announced that ban k will adding 35 new branches. The bank stated that bank will be adding these new branches by the end of the next month. The addition of these branches will make a total of 80 branches of the bank spread in different parts of the country.

Apart from adding the new branches the bank also has the plan to launch...

Recently Sukanya Samriddhi saving account scheme was launched by Mr. Modi in India. The scheme is launched to help the girl child up to the age of 10 years. It has been reported that 20,000 such savings account are planned to be opened soon. These accounts can be opened by the girl child up to 10 years of age with an initial deposit of Rs 1000.

Recently Canara Bank has organized MSME credit camp. With the desire to extend the credit facility and help the MSME sector the bank launched a eight mega retail and MSME credit camp in Kolkata. Last week the camp was organized in Kolkata circle of the bank. The camp will assist the MSME entrepreneurs.

According a report it was informed that during the camp bank sanctioned Around Rs. 102 crore worth to 328 borrowers and...

Canara Bank has joined hands with National Bulk Handling Corporation (NBHC), a warehousing commodity. Through this tie up the bank wants to extend the warehouse receipt financing for farmers. A MOU was signed by NBHC MD and CEO Anil Chaudhary and Canara Bank Chief General Manager S.S. Bhat in the presence of Canara Bank's interim managing director and CEO, V.S. Krishnakumar, and Executive Director, P.S.Rawat.

Banks have launched the facilities that will now enable the money transfers through Facebook. A few months earlier, Kotak Mahindra Bank started Kaypay and ICICI Bank launched Pockets. These facilities will enable the customers to make payments and access the money transfers facility through social networking site.

The technology used is Immediate Payment Service (IMPS), a 24x7 interbank electronic fund transfer service. In order to use this facility one simply needs to...

Laxmi Vilas bank has established two new branches in Madhya Pradesh. Bank desires to expand its banking business, with the perspective to do so the bank has launched two branches in Jabalpur and Bhopal.

The branches will offer the gamut range of banking products along with the wide array of traditional asset and liability products to customer. After the opening of these two branches now the bank is having a total network of 390...

Private sector bank – HDFC bank has planned to roll out a new initiative named ‘EduConnect’. The bank wanted to reach out the students across of about 10,000 schools in rural areas of Assam. EduConnect will be career counseling program that will guide the students regarding their career. The bank has partnered with FUEL (Friends Union for Energizing Lives), an NGO to provide the career counseling to students across the rural areas.

It is reported that the South Indian bank is inviting applications for the post of Probationary Clerks in Delhi. Interested candidates can apply through the official website of the bank before 14th February, 2015. There are total numbers of 35 posts. In order to apply the candidate needs to have a graduation degree from a recognized university with at least 60% and must also have proficiency in computers.

The largest public sector bank of the country – State Bank of India as invited applications from retired MMGs II/MMGSIII officers, who had retired on or after March 31, 2010 on attaining superannuation. Candidate who satisfies the criteria can apply before 15th February 2015.

In order to apply candidates need to have: • Candidates should have retired from the banks service on attaining superannuation. Officers who left the Banks service under SBI VRS or who were...

Yesterday the Young generation bank of the country – Yes bank has announced that leading gold lender Muthoot Finance will be working as the business correspondent for the bank. The agreement between the Muthoot Fianace and yes bank was signed was signed 2 months back, but only after the RBI has approved the partnership the ban k declared it yesterday.

Muthoot Fincorp rolled out its disbursement of funds for two of Yes Bank’s...

Yesterday Laxmi Vilas Bank has inaugurated the 400th branch of the bank. The bank has opened 400th branch and 750th ATM of the bank in Bangalore. A year age bank was having a network of 362 branches and 636 ATMs. Within a period of year the bank has added another 38 branches and 114 ATMs.

Bank has shown a tremendous growth in the recent time. At the launch of the 400th Branch the bank...